Dec
01
Cognizant Technology Can Do This The Easy Way Or The Paul Singer Way
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IT-outsourcer Cognizant Technology CEO Francisco D’Souza returned to work after Thanksgiving to find that most unwelcome thing on his desk: A fat envelope with a return address on West 57th Street. Enclosed therein was Elliott Management’s take on his company, which boils down to: Stop wasting money trying to grow, because if you hadn’t noticed that’s not happening anymore, and start sending that money to us.
Of course, no CEO likes to find out that Paul Singer just made his biggest-ever initial bet on his company. But it could have been so much worse…
Cognizant Technology Can Do This The Easy Way Or The Paul Singer Way
